KiwiSaver managers have to ensure that their fees are not “unreasonable”. Given the relative complexity associated with the management of private assets, this may act as an inhibitor to providers investing in private equity. Further, fees may be benchmarked against the fees for inve...
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In a statement, a spokesperson for Pathfinder says the KiwiSaver provider removed the ads as soon as the FMA raised concerns and has added more detailed information about its ethical investment policy to its website and blogs. “Notably, the FMA has not censured us for acting in breach of...